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Crypto shade
Joining the chorus of crypto critics such as JPMorgan Chase CEO
Speaking at the World Economic Forum in Davos, Schulman said cryptocurrencies are primarily designed to showcase blockchain, reports
While technology companies are using the downturn in cryptocurrencies to offer lower-fee
Know your bitcoin
The stream of criticism from high profile financial executives and a market crash has not stopped cryptocurrency deals.
Global ID platform Onfido has signed an agreement with BitPay to accept bitcoin payments. The partnership includes Know Your Customer anti-money laundering compliance and onboarding.
Onfido uses machine learning to to vet smartphone images to authenticate customers; while BitPay processes about $1 billion annually and for B2B clients. The two companies hope the deal will allow expansion to emerging markets that are underserved by credit card issuers.
Apple ads
As
Both features are limited to the the U.S., and Apple is attempting to demonstrate ease of use as it tries to pry P2P transfer market share away from
It's not the first campaign for
Bit taxes
One area where cryptocurrencies have made some progress is for
The bill would allow agencies to accept a yet-to-be determined amount and type of cryptocurrencies through a third party processor, according to
If the bill passes, the state treasurer would develop a plan to integrate cryptocurrency payments before Nov. 1, 2019.
From the Web
China Daily | Wed January 23, 2019 - Mobile payment giant Alipay has given access to its platform to merchants in Davos, where the World Economic Forum's annual meeting is being held. Around 80 percent of stores in the village are accepting Alipay, news outlet Sina reported, quoting Roland Palmer, who heads Alipay's European business.
TechCrunch | Wed January 23, 2019 - Anchorage is coming out of stealth and launching its cryptocurrency custody service to the public. Anchorage holds and safeguards crypto assets for institutions like hedge funds and venture firms, and only allows transactions verified by an array of biometrics, behavioral analysis and human reviewers.
TechCrunch | Wed January 23, 2019 - Travel financing startup Uplift is announcing that it has raised $123 million in Series C funding. Uplift works with partners like the vacation package sites of United Airlines, Southwest and American Airlines, as well as Allegiant Travel Company and Kayak, to offer financing to travelers, allowing them to pay for their trips in monthly installments.
More from PaymentsSource
Retailers are aggressively competing to bring new delivery technologies to market, ranging from autonomous vehicles to gig economy apps.
The Society for Worldwide Interbank Financial Telecommunication reports that its Global Payments Innovation system, which it launched two years ago, now handles more than a million payments a day.
In selling its Walmart credit card portfolio to Capital One and extending a partnership with Sam’s Club that appeared to be in peril, Synchrony Financial avoids an expensive legal battle with the world’s largest retailer.
A 2017 agreement with Marriott International that kept the hotel chain's card portfolio with American Express and JPMorgan Chase will take a brand marketing turn in February, but leave both issuers as partners.
